Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 1, 2011 erstellt
Beschreibung:
In response to the current fiscal crisis, the Government of Romania has amended the law governing local government finance. The amendments are largely aimed at restraining local government staffing and curtailing arrears. They require somewhat onerous administrative measures. This report argues that while the new approach should be given a chance to work, the Government may wish to consider less intrusive approaches over the long term